The Greedy Trader Weekly Analysis
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Number of records: 10
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Costco Co.
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Summary:
Weekly :Broken trend resistance lineTrend resistance at 210.33
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price touches the lower Bollinger BandThe Bollinger Bands are historically close together
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It was the negative week for the Costco Co. (COST). During the week, the COST dropped -2.52 points, or -1.20%, and closed at 207.75 on Friday, February 8, 2019. Weekly volume was -12% below average.

Long-term trend: [See COST long-term trend chart]
A long-term uptrend had started on May 24, 2000 at 25.94 and reached 245.16 on September 11, 2018. COST gained -219.22 points, or -845.10%, in 954 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (36.70) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See COST medium-term trend chart]
A medium-term uptrend had started on September 19, 2008 at 30.70 and reached 245.16 on September 11, 2018. COST gained -214.46 points, or -698.57%, in 520 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (210.33). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See COST weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 5, 2018. Use the following link to access a MACD help.

Short-term trend: [See COST short-term trend chart]
A short-term downtrend had started on January 22, 2019 at 215.56 and reached 205.75 on February 8, 2019. COST lost 9.81 points, or 4.55%, in 17 days. The price is now at the 20.39% retracement level.

Daily Technical Indicators: [See COST daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands (3%) is close to one year low (2.74%). It is 66.16% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.80
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 43.76
Greed/Fear Indicator (GFI) 33.59
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.86
Williams' Percentage Range (W%R) 64.30
Lane's Stochastic (%D-Slow) 44.50
Greed/Fear Indicator (GFI) 40.29
Moving Average Converg./Diverg. (MACD) 0.90
Trading Signals
Description Value Chart
Monthly Trendline Support 221.84
Parabolic System 214.72
Upper Bollinger Band 213.50
50 Day Moving Average 212.04
20 Day Moving Average 210.91
Quarterly Trendline Resistance 210.33
Daily Stochastic Crossing 209.58
Weekly Stochastic Crossing 208.50
Price 207.75
Lower Bollinger Band 207.27
Quarterly Trendline Support 175.18
Sector and Industry
Description Name Rank
Sector Services 3
Industry Discount Variety Stores 99
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 215.56
High Date 01/22/2019
Low 205.75
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 245.16
High Date 09/11/2018
Low 189.51
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 275.06
Support 221.84
Low 150.00
Low Date 07/21/2017
High 245.16
High Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 210.33
Support 175.18
Low 30.70
Low Date 09/19/2008
High 245.16
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 124.10
Support 36.70
Low 25.94
Low Date 05/24/2000
High 245.16
High Date 09/11/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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